Are you better off now than you were 8 years ago?

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Just imagine there are so many people is still on the hook for mortgages that is twice as much as their homes are worth, and they can't refi them to lower rates for whatever reason, it's simply fucked up.
 

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american-net-worth.png


pretty obvious net worth boomed during the Bush administration, FWIW, for people axing that question

and totally crashed since we went semi-socialist (yes, Obamacare, foodstamps and the massive increase in the number of people living by the mailbox for the govt check is a substantive move towards the left)

Congrats libtards, you're growing your voting base :103631605

You are such a fucking blatant liar. The economy had already plummeted before Obama even stepped foot in the White House. You are a man of no integrity.

fredgraph.png
 

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Just imagine there are so many people is still on the hook for mortgages that is twice as much as their homes are worth, and they can't refi them to lower rates for whatever reason, it's simply fucked up.

The reason is the HARP program is a joke. The only people making money on that deal are the government and the banks. If you have a conventional loan and try switching over to that program, you need nearly a 2 point spread to make it worth your while due to all the costs associated with it. Most people's interest rates aren't that bad. Just another Obama scam (but he'll tell you that he's savings the middle class)
 

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